This document contains templates for two types of promissory notes. The first is a demand promissory note, where the borrower unconditionally promises to repay the lender the principal amount plus interest at a specified rate upon demand. The second is a promissory note payable after a period, where the borrower promises to repay the principal, interest, and any accrued interest after two months from the date of the note. Both notes record the borrower and lender details, amount borrowed, interest rate, and method of receiving the funds.
This document contains templates for two types of promissory notes. The first is a demand promissory note, where the borrower unconditionally promises to repay the lender the principal amount plus interest at a specified rate upon demand. The second is a promissory note payable after a period, where the borrower promises to repay the principal, interest, and any accrued interest after two months from the date of the note. Both notes record the borrower and lender details, amount borrowed, interest rate, and method of receiving the funds.
This document contains templates for two types of promissory notes. The first is a demand promissory note, where the borrower unconditionally promises to repay the lender the principal amount plus interest at a specified rate upon demand. The second is a promissory note payable after a period, where the borrower promises to repay the principal, interest, and any accrued interest after two months from the date of the note. Both notes record the borrower and lender details, amount borrowed, interest rate, and method of receiving the funds.
Date : On Demand I MR. X Y Z unconditionally promise to pay _______________________ or Order, the sum of Rs. _____________ (Rupees ________________________ only) together with interest thereon @ ________% per annum with monthly/quarterly rests for value received by Cash/Cheque No. _____________ dated ___________ drawn on ______________________. Revenue Stamp Witness: (MR. X Y Z) PROMISSORY NOTE PAYABLE AFTER A PERIOD Rs. ______________ Place: Date : I MR. X Y Z unconditionally promise to pay _______________ ________ or Order, the sum of Rs. _____________ (Rupees ________________________ only) together with interest thereon @ ________% per annum with monthly/quarterly rests after two months from the date hereof for value received by Cash/Cheque No. _____________ dated ___________ drawn on ______________________. Revenue Stamp Witness: (MR. X Y Z)